Fuel Fix

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon Offshore reaches creditor deal for bankruptcy filing

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Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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Categories: Crude oil, featured

Paragon Offshore reaches creditor deal for bankruptcy filing

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A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)
Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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The total rig count, which when including natural gas rig fell by 30, now stands at 541.
Categories: Crude oil, featured
(StockMonkeys.com/Flickr)

Enterprise Products loses bid to end Energy Transfer suit

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Enterprise Products Partners LP lost its bid to throw out a lawsuit claiming it breached a 2011 agreement with Energy Transfer Partners LP to build a pipeline from Oklahoma to the Texas Gulf Coast.
Categories: Legal issues, Pipelines
Mexican leader Enrique Pena Nieto speaks during an interview at the Los Pinos presidential residence in Mexico City in July 2013. (AP Photo/Dario Lopez-Mills, File)

Pena Nieto delays Mexico energy bill amid party negotiations

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President Enrique Pena Nieto will delay the announcement of his proposal to end Mexico’s seven- decade state energy monopoly until next week, he said today in a statement posted to his Twitter page.
Categories: General
(Melissa Phillip/Houston Chronicle)

Transocean posts quarterly profit as rigs run more efficiently

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Net income was $307 million compared with a net loss of $304 million a year earlier
Categories: Finance/Earnings
Corn is unloaded from trucks into the grain elevator at the Mid Missouri Energy ethanol plant in Malta Bend, Missouri. (Patrick Fallon/Bloomberg)

EPA Decision to Avoid Blendwall in 2013-14 is Right Step

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Yesterday, the EPA finally finalized its 2013 volumetric ethanol blending standards. The requirements on how much ethanol must be blended into the nation’s fuel supply remain near the E10 blendwall (at a 9.74% national blend), and grossly overestimate the ability of the cellulosic biofuels industry to meet the mandate. Yet the agency has signaled that […]

Drumbeat: August 7, 2013

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Tanzania to Export Electricity While Most of Its Citizens Lack Power
While the construction of the $300-million electrical plant, to be powered by recently discovered reserves of natural gas, could potentially be a positive development, the announcemen…
Categories: Uncategorized
A mourner holds an image of George Mitchell as hundreds gather at Saengerfest Park during a public memorial service for George Mitchell Tuesday, Aug. 6, 2013, in Galveston. 
Mitchell was a businessman, real estate developer and philanthropist, known for his contributions to the oil and gas industry and for developing The Woodlands and Galveston Island. (Johnny Hanson / Houston Chronicle )

George Mitchell honored in Galveston (photos)

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Strings of gold Mardi Gras beads were handed out Tuesday to guests at a memorial in Galveston for billionaire George P. Mitchell in memory of his resurrection of the island’s annual celebration.
A Devon Energy flex-drilling rig in the Barnett Shale (Kevin Fujii/Houston Chronicle file photo)

BHP to expand in US shale on forecast of surging global demand

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BHP Billiton Ltd. (BHP), the world’s biggest mining company, signaled it will expand in the shale oil and gas industry in the U.S., forecasting global commodity demand will jump 75 percent over the next 15 years.
Categories: Asia, Shale
U.S. Interior Secretary Sally Jewell.  (Andrew Harrer/Bloomberg)

Top regulator commends efforts to cut pollution in booming Bakken

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During a trip to survey booming oil development in North Dakota on Tuesday and Wednesday, Interior Secretary Sally Jewell said she saw evidence energy companies are working aggressively to pare greenhouse gas emissions ahead of federal regulations on the practice.
Wayne Knox, Assistant Construction Manager - Contractor for TransCanada's Keystone XL project looks at a pipe before it's lowered into the ground in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Probe of Keystone contractor energizes pipeline opponents

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An ethics probe of the contractor assessing the environmental impact of TransCanada Corp. (TRP)’s proposed Keystone XL oil pipeline has energized critics who say it should be grounds for the project to be delayed.
Categories: Pipelines

Another crude oil rail terminal slated for Canada

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U.S. Development Group, a Houston based developer of rail logistics and terminal facilities, said this week it would work with a Gibson, a Canadian midstream company, to build a rail loading facility near Hardistry, Alberta.
Smoke rises from Unit 3 of the tsunami-stricken Fukushima Dai-ichi nuclear power plant in northern Japan (AP Photo/Tokyo Electric Power Co.)

Japan gov’t to help stop radioactive water leaks

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Japan’s government says it will step in to tackle contaminated water leaks at the country’s crippled nuclear plant, and is considering funding a multibillion-dollar project to fix the problem.
Categories: Accidents, Nuclear

Rune Likvern: “My Experiences after Eight Years with The OilDrum.com”

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After my first time seeing The Oil Drum (TOD and Institute for the Study of Energy and Our Future; ISEOF) in 2005 I created an account as nrgyman2000 and later got an invitation to become part of the staff of volunteer writers at what was then TOD Eu…
Categories: Uncategorized